B. Riley Financial Has Lowered Expectations for eGain (NASDAQ:EGAN) Stock Price

Key Points

• B. Riley Financial cut eGain’s price target from $10.50 to $6.00 and maintained a neutral rating, while Roth Capital also downgraded the stock to neutral and lowered its target to $7.00.
• eGain shares fell to $5.19, near their 52-week low of $5.18; analysts’ consensus is a Hold rating with an average target price of $6.50.
• The company exceeded quarterly expectations, reporting $0.08 EPS versus the $0.03 consensus and revenue of $22.15 million versus $21.75 million expected. Institutional investors own approximately 53.94% of the stock.

eGain (NASDAQ:EGAN - Get Free Report) had its price target lowered by equities researchers at B. Riley Financial from $10.50 to $6.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. B. Riley Financial's price target indicates a potential upside of 15.61% from the company's current price.

Several other equities analysts have also recently commented on the stock. Roth Capital cut shares of eGain from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $21.00 to $7.00 in a research report on Tuesday. Wall Street Zen cut eGain from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. B Riley reaffirmed a "neutral" rating on shares of eGain in a report on Tuesday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of eGain in a report on Friday, August 7th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, eGain has a consensus rating of "Hold" and a consensus target price of $6.50.

eGain Stock Performance

Shares of EGAN stock traded down $0.65 during mid-day trading on Tuesday, reaching $5.19. 527,129 shares of the company were exchanged, compared to its average volume of 215,376. The business's 50 day simple moving average is $6.89 and its 200 day simple moving average is $7.52. The company has a market capitalization of $142.47 million, a P/E ratio of 16.21 and a beta of 0.83. eGain has a fifty-two week low of $5.18 and a fifty-two week high of $15.95.

eGain (NASDAQ:EGAN - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. eGain had a net margin of 9.74% and a return on equity of 11.63%. The firm had revenue of $22.15 million for the quarter, compared to analysts' expectations of $21.75 million. eGain has set its FY 2027 guidance at 0.040-0.070 EPS and its Q1 2027 guidance at 0.050-0.080 EPS. On average, analysts forecast that eGain will post 0.3 EPS for the current year.

Hedge Funds Weigh In On eGain

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of eGain during the 4th quarter worth approximately $41,000. Kestra Advisory Services LLC acquired a new position in eGain during the 4th quarter valued at approximately $63,000. BNP Paribas Financial Markets grew its stake in eGain by 29.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,317 shares of the technology company's stock worth $55,000 after buying an additional 1,432 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in eGain during the 4th quarter worth $65,000. Finally, Invesco Ltd. bought a new position in eGain during the 4th quarter worth $120,000. Institutional investors own 53.94% of the company's stock.

eGain Company Profile

eGain Incorporated NASDAQ: EGAN is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company's product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.

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